Expanding Channel
We saw a nice gap up from this support I mentioned last Friday. The rebound couldn't hold thanks to Iranian conflict headlines. So,where is the next trending support?
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It looks like we might have another key level to watch for a rebound. This could possibly be a new price channel to watch.
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We can't forget about the next key horizontal support to watch.
The channel steepened further downward by the end of the day. Will we see a rebound before more selling ensues?
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Ultratech : ya it's right now lol
OceansWave : I think if the NASDAQ falls further, it would want to close up the gap created previously by the recent NVDA earnings…
Ultratech OceansWave: is typical for this time of day
if someone was to buy qqq now they'd be golden probably. I'm going with the 1st picture
OceansWave Ultratech: QQQ broke 433 support.. was previously a very strong support… now next support level is at 426 which will close up the NVDA earnings gap.. I am not certain if it will hit there but it should hold well if it really does drop there..
Mike Obama : bro what a dick punch!